- Weekly hotel demand in San Diego County has been on a downward slide for the last three weeks, but it’s important to note that this is typical for this time of year. Demand softens through May leading up to the Memorial Day holiday weekend and the unofficial start of the summer travel season.
- County hotels sold a total of 322,438 room nights last week, down about 7,000 RNs from the week prior. While last week’s demand was roughly 20,000 fewer RNs sold than the same week of 2022, it’s about 10,000 more than in 2019.
- County occupancy averaged 71.8%, a decrease of 1.6 percentage points week over week. San Diego dropped in the national rankings from 7th the previous week to 10th last week. The top three markets for the week were New York (83.7%), Boston (77.5%) and Washington DC (77.3%).
- Within the City of San Diego, UTC properties had the highest average occupancy at 77.7%, followed by I-15 Corridor properties at 75.1% and Mission Valley at 74.8%.
- One moderately sized group finished their event during this week, which contributed a little more than 12,000 RNs to overall demand. In total, Group demand came to 51,579 RNs sold at upscale+ properties with an average occupancy of 27.1%, peaking on Tuesday at 36.1%, and rates at $284. Group demand came in slightly weaker than the same week of 2019, which was at 54K RNs sold.
- San Diego rates dipped below the other California destinations, averaging $199 for the week while Los Angeles was at $207, Orange County at $206 and San Francisco at $203.
View the complete hotel performance report here.
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